Those responsible for the heavily indebted second division soccer team Karlsruher SC want to ensure solvency in the coronavirus crisis until the end of the 2020/21 season. President Ingo Wellenreuther of the German Press Agency called this goal and added: “We will continue to do everything we can to avoid bankruptcy”.
The 60-year-old said the club was in intensive talks with creditors and investors. There are many positive reactions after just a few days. The signs are also good for an agreement with rights dealer Michael Klmel.
In the past few weeks, there had been different opinions in the traditional Baden club about whether the KSC should be able to get rid of its debts with a bankruptcy on its own responsibility. The German Football League had decided that due to the corona pandemic, insolvencies in the current season should not be punished with a point deduction.
If the KSC is unable to avert bankruptcy by May 15, the members should vote in an extraordinary meeting on that day.